The Reserve Bank of India (RBI) has announced an underwriting auction for the sale of Government Securities amounting to ₹32,000 crore, which will take place on February 27, 2026 (Friday). This is a re-issue of the 6.48% GS 2035 security.
Under the existing underwriting commitment scheme, each Primary Dealer (PD) must have a Minimum Underwriting Commitment (MUC) of ₹762 crore and a minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction of ₹762 crore.
The auction will utilize a multiple price-based method and will be conducted electronically through the RBI's e-Kuber system. Bids can be submitted by PDs between 09:00 A.M. and 09:30 A.M. on the auction day. The underwriting commission will be credited to the respective PDs' accounts with the RBI on the day the security is issued.
Key Entities Referenced
Reserve Bank of India: The regulatory body conducting the underwriting auction.
Government Security: The financial instrument being sold through the auction.
e-Kuber system: The electronic platform used for submitting bids.
scheme of underwriting commitment: The existing policy framework governing the auction.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
February 26, 2026
Underwriting Auction for sale of Government Security for ₹32,000 crore
on February 27, 2026
Government of India has announced the sale (re-issue) of Government Security, as
detailed below, through auction to be held on February 27, 2026 (Friday).
As per the extant scheme of underwriting commitment notified on November 14, 2007,
the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding
commitment under Additional Competitive Underwriting (ACU) auction, applicable to each
Primary Dealer (PD), are as under:
(₹ crore)
Minimum bidding
Notified MUC amount per
Security commitment per PD
Amount PD
under ACU auction
6.48% GS 2035 32,000 762 762
The underwriting auction will be conducted through multiple price-based method on
February 27, 2026 (Friday). PDs may submit their bids for ACU auction electronically
through the Reserve Bank of India Core Banking Solution (e-Kuber system) between
09:00 A.M. and 09:30 A.M. on the day of underwriting auction.
The underwriting commission will be credited to the current account of the respective
PDs with RBI on the day of issue of security.
Ajit Prasad
Press Release: 2025-2026/2172 Deputy General Manager
(Communications)